BTR Capital Management Inc. Sells 1,045 Shares of Mid-America Apartment Communities Inc (NYSE:MAA)

BTR Capital Management Inc. lessened its holdings in Mid-America Apartment Communities Inc (NYSE:MAA) by 1.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 67,657 shares of the real estate investment trust’s stock after selling 1,045 shares during the period. Mid-America Apartment Communities comprises 1.4% of BTR Capital Management Inc.’s holdings, making the stock its 27th biggest position. BTR Capital Management Inc. owned 0.06% of Mid-America Apartment Communities worth $7,397,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Partners LLC increased its stake in Mid-America Apartment Communities by 3.4% during the 4th quarter. Advisor Partners LLC now owns 4,467 shares of the real estate investment trust’s stock valued at $427,000 after purchasing an additional 145 shares in the last quarter. West Oak Capital LLC increased its stake in shares of Mid-America Apartment Communities by 7.1% in the first quarter. West Oak Capital LLC now owns 2,400 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 160 shares during the period. WealthPLAN Partners LLC increased its stake in shares of Mid-America Apartment Communities by 5.1% in the fourth quarter. WealthPLAN Partners LLC now owns 4,972 shares of the real estate investment trust’s stock worth $518,000 after acquiring an additional 240 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Mid-America Apartment Communities by 2.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,476 shares of the real estate investment trust’s stock worth $1,002,000 after acquiring an additional 241 shares during the period. Finally, Fox Run Management L.L.C. increased its stake in shares of Mid-America Apartment Communities by 10.8% in the fourth quarter. Fox Run Management L.L.C. now owns 2,484 shares of the real estate investment trust’s stock worth $238,000 after acquiring an additional 242 shares during the period. 93.92% of the stock is owned by hedge funds and other institutional investors.

In other news, Director David P. Stockert sold 1,777 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $103.68, for a total value of $184,239.36. Following the completion of the transaction, the director now owns 64,786 shares of the company’s stock, valued at $6,717,012.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Albert M. Campbell III sold 280 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $107.04, for a total transaction of $29,971.20. Following the completion of the transaction, the chief financial officer now directly owns 44,582 shares of the company’s stock, valued at approximately $4,772,057.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,956 shares of company stock valued at $527,800. Company insiders own 1.26% of the company’s stock.

Mid-America Apartment Communities stock traded up $0.98 during midday trading on Friday, hitting $108.97. 383,200 shares of the stock were exchanged, compared to its average volume of 540,422. Mid-America Apartment Communities Inc has a fifty-two week low of $87.47 and a fifty-two week high of $111.10. The stock has a market cap of $12.14 billion, a P/E ratio of 18.04, a PEG ratio of 3.20 and a beta of 0.49. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.71.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, January 30th. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.55. Mid-America Apartment Communities had a net margin of 14.01% and a return on equity of 3.41%. The firm had revenue of $398.15 million during the quarter, compared to analysts’ expectations of $399.19 million. During the same period last year, the business earned $1.50 earnings per share. Mid-America Apartment Communities’s revenue was up 4.0% compared to the same quarter last year. As a group, analysts forecast that Mid-America Apartment Communities Inc will post 6.16 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Friday, April 12th. Mid-America Apartment Communities’s dividend payout ratio is presently 63.58%.

MAA has been the topic of a number of research reports. BMO Capital Markets reiterated a “hold” rating and issued a $102.00 price objective on shares of Mid-America Apartment Communities in a research note on Wednesday, January 30th. Zacks Investment Research downgraded shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Wednesday, February 6th. ValuEngine raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. TheStreet raised shares of Mid-America Apartment Communities from a “c+” rating to a “b-” rating in a report on Thursday, February 14th. Finally, Raymond James raised shares of Mid-America Apartment Communities from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Mid-America Apartment Communities presently has a consensus rating of “Hold” and an average price target of $107.35.

ILLEGAL ACTIVITY WARNING: “BTR Capital Management Inc. Sells 1,045 Shares of Mid-America Apartment Communities Inc (NYSE:MAA)” was first posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.baseballdailydigest.com/news/2019/04/26/btr-capital-management-inc-reduces-position-in-mid-america-apartment-communities-inc-maa.html.

Mid-America Apartment Communities Profile

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

Read More: Terms to Better Understand Call Options

Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

Receive News & Ratings for Mid-America Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.